OFA Group shareholders approve 1-for-10 reverse stock split and 2026 equity plan

OFA Group

Shareholders authorized a 1-for-10 consolidation of Class A ordinary shares, effective at board's discretion.
Vote results: 517.5M for consolidation, 58,979 against, 2,364 abstentions.
2026 Equity Incentive Plan approved; initial share limit of 3,940,027 plus annual auto-increase.
Plan authorizes options, SARs, restricted stock, RSUs, performance awards, and other equity.
Share consolidation and plan adoption were the only proposals voted at May 21, 2026 meeting.

item 5.02 item 5.07 item 9.01

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